Victory Capital Management Inc. Raises Stock Holdings in Sealed Air Co. (NYSE:SEE)

Victory Capital Management Inc. increased its position in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 84.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,015,442 shares of the industrial products company's stock after purchasing an additional 920,000 shares during the period. Victory Capital Management Inc. owned 1.38% of Sealed Air worth $68,182,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Manchester Capital Management LLC lifted its holdings in Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC grew its stake in Sealed Air by 218.0% during the fourth quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sealed Air in the 4th quarter valued at $45,000. Smartleaf Asset Management LLC lifted its stake in Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after purchasing an additional 913 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Sealed Air by 98.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 778 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

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Sealed Air Stock Down 4.9 %

Sealed Air stock traded down $1.56 during mid-day trading on Monday, reaching $30.38. 2,374,173 shares of the company were exchanged, compared to its average volume of 1,396,910. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The firm has a market cap of $4.43 billion, a P/E ratio of 11.17 and a beta of 1.32. Sealed Air Co. has a 12-month low of $30.05 and a 12-month high of $41.14. The business has a fifty day moving average of $33.89 and a 200 day moving average of $34.87.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same period last year, the business earned $0.88 EPS. The company's revenue was down .4% compared to the same quarter last year. Research analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

Analyst Upgrades and Downgrades

SEE has been the subject of a number of research reports. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. UBS Group boosted their target price on shares of Sealed Air from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Citigroup dropped their price target on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Morgan Stanley decreased their price target on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research note on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sealed Air presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.25.

Sealed Air Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.